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A direct air capture (DAC) company has unveiled a new iteration of its technology as it aims to scale carbon removal capacity globally and slash costs, also announcing that Australia represented its 'next frontier' as it signalled investment interest in the country.

Third of world’s ocean surface particularly vulnerable to threats driven by burning fossil fuel and deforestation, new research finds

The world’s oceans are facing a “triple threat” of extreme heating, a loss of oxygen and acidification, with extreme conditions becoming far more intense in recent decades and placing enormous stress upon the planet’s panoply of marine life, new research has found.

About a fifth of the world’s ocean surface is particularly vulnerable to the three threats hitting at once, spurred by human activity such as the burning of fossil fuels and deforestation, the study found. In the top 300 meters of affected ocean, these compound events now last three times longer and are six times more intense than they were in the early 1960s, the research states.

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The perception of risk remains a significant roadblock to scaling private climate finance - especially in developing countries - but stronger policies and international standards for carbon pricing would help to unlock bigger and faster flows, a conference heard.

A record number of companies are expected to release their data on a new climate disclosure platform, which has been designed to simplify corporate sustainability reporting and aid firms in aligning with emerging global standards.

The Science Based Targets Network (SBTN) highlighted challenges in its development of nature-based targets for cities including skills, data, and geographical differences on Tuesday.

‘The webcams do not lie,’ says Annalisa Koeman, whose family has been operating a mountain lodge for decades

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Bookings have been slow ahead of the ski season at the mountain lodge in Thredbo that Annalisa Koeman’s parents built in the 1960s and have run ever since.

Last ski season started with some good snow falls “but it went downhill from there. It was a disastrous end. The ski lifts closed two weeks early,” says Koeman, managing supervisor at Kasees Apartments and Mountain Lodge.

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Poland’s state-owned power company has urged the country’s government to move forward with mooted plans to transfer coal assets to a state-backed entity, saying ageing and highly emitting coal plants were causing losses for the utility.

The Scottish government has backed a project to produce a certification standard for community participation in nature projects, with a wide net of collaborators spanning the private and public sectors.

Some 500 tractors descended in Brussels on Tuesday to protest against green regulations and EU bureaucracy ahead of the European elections on June 6-9, but with fewer participants than expected and amid accusations of politicisation by the far-right.

Area from south-east California to central Arizona see will extreme heat, with temperatures topping out at 113F in Phoenix

Parts of California, Nevada and Arizona are expected to bake this week as the first heatwave of the season arrives with triple-digit temperatures forecast for areas including Phoenix, which last summer saw a record 31 straight days of at least 110F (43.3C).

By Wednesday, most of an area stretching from south-east California to central Arizona will see “easily their hottest” weather since last September, and record daily highs could be seen from Las Vegas to Phoenix, the National Weather Service said late on Monday.

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A scientist featured as part of media reporting on scandals in the voluntary carbon market has warned against letting the pervasive negative criticism impact rainforest conservation, outlining a 'medium term' role for REDD+ credits.

A Vietnamese forestry and biodiversity company has partnered with a German carbon offset developer for implementing a project that will see trees planted across 1 million hectares of land in Vietnam.

European carbon allowances traded in their narrowest range in nearly five months on Tuesday morning as the market tracked developments in gas, where prices weakened on news that an outage in the North Sea may be resolved quicker than had been expected.

The Paris Olympics is purchasing credits from a variety of carbon projects in the local region and abroad to offset its residual emissions, while striving to halve emissions compared to previous Games to reach a total of around 1.5 million tonnes of CO2 emissions.

“Good projects” have been caught up in the controversy about the voluntary carbon market exposed by the Guardian, acknowledged one of the journalists who wrote the stories, adding that editors at the UK-based newspaper were committed to write about “good examples” when they emerge.

A Dutch investment manager has launched a fund seeking to finance innovative solutions to tackle the biodiversity crisis, with seed capital of €12 million, Carbon Pulse has learned.

Government-led mandatory schemes and voluntary market-based instruments must be combined to effectively protect biodiversity, a study published Tuesday said, calling on countries to harness the private sector's growing interest in engaging on nature positive.

UK financial institutions nearly tripled their investment in clean energy project between 2022 and 2023 to $2.3 billion, although gaps in commitments and transparency persist, according to a report published this week.

Voluntary carbon markets require a paradigm shift that moves beyond treating a tonne of carbon as an ultimate end and must embrace finance for adopting a transitional approach, the ex-CEO of Verra said in a report published Tuesday.

Malawi's finance ministry has said that the country is ready to ramp up investment in carbon markets days after finalising key legislation, according to local media reports.